🧠 Overall technical evaluation (daily)
✅ Key indicators:
Daily technical summary: ✅ "Sell" recommendation (14 sell signals, 4 buy signals, 7 neutral)
Technical indicators (Oscillators): Leaning neutral with 2 sell, 3 buy, 5 neutral.
Moving averages: Most signals are “Sell” (12 sell, 1 buy, 2 neutral)
📊 From Investing.com:
5-minute, 15-minute, and 30-minute frames: "Strong Buy" recommendation.
Daily, weekly, monthly frames: "Strong Sell" or "Sell" recommendation.
RSI indicator around 58 (buy signal), positive MACD, high ADX (around 60), all indicating stronger upward momentum during short minutes but the broader outlook is negative.
---
📉 Main technical indicators
Indicator Current value Technical evaluation
RSI (14) ≈58 Buy
STOCH (9,6) ≈80 Overbought
MACD (12,26) >0 Buy
ADX (14) ≈60 Strong trend
🚧 Support and resistance levels (Pivot Points)
Pivot point (P) around 0.2905 USD
Support levels S1 ~0.2810, S2 ~0.2732, S3 ~0.2637
Resistance levels R1 ~0.2983, R2 ~0.3078, R3 ~0.3156 according to several methods like Fibonacci and Camarilla.
---
🔎 Technical trend analysis from TradingView
The price seems to have broken a descending wedge pattern and is now confirming the breakout, indicating the possibility of a new upward trend.
The previous resistance level has been supported as new support, reinforcing the overall positive outlook.
---
📈 Short- and medium-term future forecasts
According to CoinCodex, a decline is expected over the next week to around 0.2272 USD by August 8, 2025, and down to 0.2216 USD by early September 2025.
Some analyses (like Binance insight) show that the current price is considered a strong psychological support area at 0.30 USD, and it may rebound towards levels of 0.37–0.38 USD by the end of the year.
---
✅ Final recommendation
⚠️ Daily timeframe
General technical recommendation Sell based on moving averages and other indicators.
However, there is short-term buying momentum, a "neutral" mix among technical indicators.
📆 Short-term frame
The current price is around 0.295–0.296 USD, and it repeats an important psychological support level at 0.30 USD. If the price holds above it, a rebound towards 0.307–0.315 USD may appear, possibly to 0.32.
In the event of a break below 0.29–0.28 USD, the price may head towards 0.27 or lower soon.
📉 Average until the end of August
The price may drop to around 0.22–0.23 USD if selling pressure continues or wide fluctuations occur.
---
🧭 Movement summary and recommendation
Current position: Technically a sell recommendation on the daily frame, but there are partial upward signals.
Critical levels:
Strong support: 0.295‑0.30 USD
Temporary resistance: 0.298‑0.307 USD
Stronger resistance: 0.315‑0.320 USD
Potential strategy:
If you are a short-term trader: You can wait for a rebound or an attempt to enter at support 0.30 USD, with a stop loss around 0.28 USD.
For speculation on the reversal: wait for a clear breakout above 0.315 USD as a stronger buy signal.
For long-term investment: support around 0.22–0.23 USD may be more significant, with a clear stop loss and risk management.